Description of 1793 Olive St, Capitol Heights, MD 20743
Listing details for 1793 Olive St, Capitol Heights, MD 20743 : Legacy Plus Group is excited to offer this unique opportunity to purchase a portfolio of three rare adjacent properties with loading dock industrial condo units for sale in Capitol Heights, Maryland, near the DC border. These industrial condos are perfect for investors looking to capitalize on rising industrial lease rates and shrinking industrial inventory. Ideal for a contractor or owner/user needing space conveniently located in Maryland and Washington, DC. Hard to find I-2 Zoning for heavy industrial with abundant surface parking, 3 loading docks (1 per unit), covered loading area, 23’ ceiling height, and a gated, secure parking lot. Ideal for an investor or owner/user.
*Sale lease-back potential for 1789 and 1791 units.
*NNN lease in place for unit 1793 Is Leased until 2028.
All 3 units are adjacent, but currently demised
Hard to find I-2 zoning for heavy industrial uses with abundant surface parking
Offer Summary,
Unit 1789 4,307± SF
Unit 1791 4,249± SF
Unit 1793 3,622± SF
TOTAL 12,178± SF Value/ $2,500,000 Income /$217,133.74 /Return = 9% (based on the current market, prices may change depending on the location and condition)
Please don't disturb the tenant; all appointments must be confirmed. The buyer must do the due diligence before submitting an offer.
PORTFOLIO PURCHASE OF ALL THREE PROPERTIES TOTAL PRICE OF ($2,500,000.00)
Jose L Guzman, 2406607291, [email protected], Pearson Smith Realty, LLC
Source
Bright MLS, MLS#: MDPG2151102
Comments
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Location of 1793 Olive St, Capitol Heights, MD 20743
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This beautiful home is located at 1793 Olive St, Capitol Heights, MD 20743 and is listed for sale at $833,000.00. This home was built in 1951, contains square feet of living space, and sits on a acre lot. This residential home is priced at $0.00 per square foot.
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